March 1, 2024 | Headlines, NS, PSR
(Source: Trains.com, February 29, 2024) Norfolk Southern CEO Alan Shaw, who has been a punching bag for the activist investors who are trying to oust him, defended the railroad’s growth strategy at a shipper conference today. Full story: Trains.com
March 1, 2024 | Commuter Rail, Headlines
(Source: BNN, February 29, 2024) In a significant move that underscores the Biden administration’s commitment to revamping the United States’ infrastructure, a whopping $9.8 billion in federal funds has been earmarked to support public transit agencies....
March 1, 2024 | Commuter Rail, Headlines, Unions
(Source: NBC Boston, February 29, 2024) More than a dozen Keolis workers packed into an MBTA Board meeting on February 29 to describe low pay and lackluster benefits, and they urged the agency’s leader to think about “safeguards” the T can install...
March 1, 2024 | AAR Freight Trends, Headlines
(Source: Association of American Railroads press release, February 28, 2024) The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending February 24, 2024.For this week, total U.S. weekly rail traffic was 483,656 carloads and...
February 29, 2024 | Headlines, NS, PSR
(Source: Associated Press, February 27, 2024) The BLET’s three General Chairmen who represent members at Norfolk Southern have issued a statement supporting the current management team at NS in the railroad’s looming proxy battle with activist investor Ancora...
February 29, 2024 | Headlines, NS, PSR, STB
(Source: Progressive Railroading, February 26, 2024) Surface Transportation Board Chairman Martin Oberman is concerned about the potential of activist investors succeeding in their effort to replace Norfolk Southern Corp.’s top leadership in favor of a...
February 29, 2024 | Fatality, Headlines, NS, NTSB
(Source: Trains.com, February 28, 2024) BLET Division 423 member Chris Wilson suffered fatal injuries when his Norfolk Southern locomotive was struck by a group of 35 railcars rolling on an adjacent track, the National Transportation Safety Board said in a preliminary...
February 29, 2024 | BNSF, Furloughs, Headlines, PSR
(Source: Trains.com, February 28, 2024) BNSF Railway has cut jobs from mechanical shops in Kansas and Nebraska and has offered affected workers positions at facilities where it is hiring. The railroad did not say where jobs were cut or how many positions were...
February 29, 2024 | BNSF, Headlines, Quarterly Income
(Source: Trains.com, February 25, 2024) Berkshire Hathaway Chairman Warren Buffett’s widely read annual letter to investors, released on Saturday alongside the company’s 2023 financial results, included a long passage on railroads in general and BNSF Railway in...
February 29, 2024 | BNSF, Headlines, Quarterly Income
(Source: Progressive Railroading, February 26, 2024) BNSF Railway Co. announced total revenue for fourth-quarter and full-year 2023 decreased 6% and 8%, respectively, compared with the same periods in the previous year. Operating income for Q4 and full-year 2023 was...
